Sigma Planning Corp Sells 71 Shares of International Business Machines Co. (NYSE:IBM)

Sigma Planning Corp lessened its stake in International Business Machines Co. (NYSE:IBM) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 34,131 shares of the technology company’s stock after selling 71 shares during the quarter. Sigma Planning Corp’s holdings in International Business Machines were worth $7,546,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the first quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines in the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. grew its stake in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC acquired a new position in International Business Machines during the 3rd quarter valued at about $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the second quarter valued at about $36,000. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IBM. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Evercore ISI upped their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Stock Performance

IBM opened at $213.72 on Friday. The firm has a market capitalization of $197.62 billion, a PE ratio of 31.11, a PEG ratio of 4.80 and a beta of 0.71. The firm’s 50-day moving average price is $218.02 and its 200 day moving average price is $192.24. International Business Machines Co. has a twelve month low of $145.28 and a twelve month high of $237.37. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the business earned $2.20 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.